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Global Hospital Outsourcing Market By Services (Healthcare IT, Clinical services, Business services, Transportation services and Other Services), By Type (Private and Public), By Region, Industry Analysis and Forecast, 2020 - 2026

  • ID: 5214505
  • Report
  • November 2020
  • Region: Global
  • 150 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
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FEATURED COMPANIES

  • Abbott Laboratories
  • ABM Industries, Inc.
  • Sodexo S.A.
  • The Allure Group
  • MORE
The Global Hospital Outsourcing Market size is expected to reach $616.4 billion by 2026, rising at a market growth of 14.7% CAGR during the forecast period. Hospitals are progressively outsourcing internal activities to third-party service providers to curb the increasing expenses of giving different types of services, focus on the core abilities, and get access to service experts.

hospital-outsourcing-market-size.jpg

Alongside the monetary advantages, outsourcing of hospital services promotes access to talented faculty to deal with both clinical and non-clinical duties. The accessibility of experienced and professionally qualified manpower is significant in the healthcare area because it is a people-driven industry. Intricacy and absence of expertise in revenue prove management, payroll processing, central supply management, and home care services are the leading elements boosting the market over the forecast period. Notwithstanding, the increasing concern for data security, social, and language hindrances are anticipated to limit the development of the market for hospital outsourcing over the forecast period.

Currently, the hospital industry is seeing an increase in the outsourcing of in-house services attributable to the government order to deploy Electronic Medical Records (EMR), expanding healthcare expenses, and deployment of complex ICD-10 coding frameworks. Expanding patient flow and the rising pressure of medical cycles, for example, insurance qualification and records of patient registration are anticipated to drive the development of the market.

Moreover, Hospitals outsource their internal activities to third-party service providers as it permits healthcare experts to concentrate on the requirements of patients and deliver quality care. Non-clinical services that are regularly outsourced are facility management, cooking, laundry, and home care staffing.

The launch of the value-based care reforms has expanded pressure on the healthcare offices to offer low-cost care and decrease inpatient volumes in the offices. To keep up benefits in such a situation, hospitals are outsourcing their services to decrease cost consumption.

hospital-outsourcing-market-share.jpg

Based on Services, the market is segmented into Healthcare IT, Clinical services, Business services, Transportation services and Other Services. Based on Type, the market is segmented into Private and Public. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AllScripts Healthcare Solutions, Inc., 3M Company (3M Health Information Systems), TriMedx, LLC (Aramark Healthcare Technologies), Abbott Laboratories, ABM Industries, Inc., Sodexo S.A., Flatworld Solutions Pvt. Ltd., Integrated Medical Transport LLC, The Allure Group, and The Providence Service Corporation (LogistiCare Solutions, LLC).

Strategies deployed in Hospital Outsourcing Market

Jan-2020: Allscripts Healthcare extended its partnership with PIH Health, a healthcare system based in Whittier, California. Following the expansion, PIH broadened its solutions, services and outsourcing engagement with Allscripts through 2025. The partnership between PIH Health and Allscripts helped drive comprehensive care for our patient communities for nearly two decades.

Sep-2018: LogistiCare Solutions completed the acquisition of Circulation, Inc., a company that provides customizable digital platform to coordinate non-emergency transportation for all areas of healthcare. The acquisition advanced the Company’s central mission of reducing transportation as a barrier to healthcare.

Sep-2017: ABM acquired GCA Services Group, a leading provider of facility services in the education and commercial industries. This acquisition accelerated its Vision by creating a broader platform upon which it can grow profitably and further distinguish as an industry-focused solutions provider.

Feb-2017: LogistiCare announced its partnership with a ride-sharing company, Lyft. The partnership improved LogistiCare's capacity for ensuring transportation services for its commercial, Medicare and Medicaid plan members by allowing clients to request Lyft services through LogistiCare's commercial, state and managed care organization clients.

Dec-2016: Sodexo partnered with Alliance HealthCare Radiology, a division of Alliance HealthCare Services, Inc. The partnership created a fully integrated asset management lifecycle solution beyond the basic offering currently provided by the market.

Jul-2016: Aramark integrated multiple systems into a new web-based platform, FacilityFit. FacilityFit was designed for helping hospitals and healthcare facilities in driving efficiency and predictability and improving the patient experience through better management of functions that touch patients every day, like room cleaning, heating and cooling, and building maintenance.

Scope of the Study

Market Segmentation:

By Services
  • Healthcare IT
  • Clinical services
  • Business services
  • Transportation services
  • Other Services
By Type
  • Private
  • Public
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • AllScripts Healthcare Solutions, Inc.
  • 3M Company (3M Health Information Systems)
  • TriMedx, LLC (Aramark Healthcare Technologies)
  • Abbott Laboratories
  • ABM Industries, Inc.
  • Sodexo S.A.
  • Flatworld Solutions Pvt. Ltd.
  • Integrated Medical Transport LLC
  • The Allure Group
  • The Providence Service Corporation (LogistiCare Solutions, LLC)
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  • Highest number of market tables and figures
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories
  • ABM Industries, Inc.
  • Sodexo S.A.
  • The Allure Group
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Hospital Outsourcing Market, by Services
1.4.2 Global Hospital Outsourcing Market, by Type
1.4.3 Global Hospital Outsourcing Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Market Composition
2.3 Key Factors Impacting the Market
2.3.1 Market Drivers
2.3.2 Market Restraints

Chapter 3. Strategies deployed in Hospital Outsourcing Market

Chapter 4. Global Hospital Outsourcing Market by Services
4.1 Global Healthcare IT Market by Region
4.2 Global Clinical services Market by Region
4.3 Global Business services Market by Region
4.4 Global Transportation services Market by Region
4.5 Global Other Services Market by Region

Chapter 5. Global Hospital Outsourcing Market by Type
5.1 Global Private Market by Region
5.2 Global Public Market by Region

Chapter 6. Global Hospital Outsourcing Market by Region
6.1 North America Hospital Outsourcing Market
6.1.1 North America Hospital Outsourcing Market by Services
6.1.1.1 North America Healthcare IT Market by Country
6.1.1.2 North America Clinical services Market by Country
6.1.1.3 North America Business services Market by Country
6.1.1.4 North America Transportation services Market by Country
6.1.1.5 North America Other Services Market by Country
6.1.2 North America Hospital Outsourcing Market by Type
6.1.2.1 North America Private Market by Country
6.1.2.2 North America Public Market by Country
6.1.3 North America Hospital Outsourcing Market by Country
6.1.3.1 US Hospital Outsourcing Market
6.1.3.1.1 US Hospital Outsourcing Market by Services
6.1.3.1.2 US Hospital Outsourcing Market by Type
6.1.3.2 Canada Hospital Outsourcing Market
6.1.3.2.1 Canada Hospital Outsourcing Market by Services
6.1.3.2.2 Canada Hospital Outsourcing Market by Type
6.1.3.3 Mexico Hospital Outsourcing Market
6.1.3.3.1 Mexico Hospital Outsourcing Market by Services
6.1.3.3.2 Mexico Hospital Outsourcing Market by Type
6.1.3.4 Rest of North America Hospital Outsourcing Market
6.1.3.4.1 Rest of North America Hospital Outsourcing Market by Services
6.1.3.4.2 Rest of North America Hospital Outsourcing Market by Type
6.2 Europe Hospital Outsourcing Market
6.2.1 Europe Hospital Outsourcing Market by Services
6.2.1.1 Europe Healthcare IT Market by Country
6.2.1.2 Europe Clinical services Market by Country
6.2.1.3 Europe Business services Market by Country
6.2.1.4 Europe Transportation services Market by Country
6.2.1.5 Europe Other Services Market by Country
6.2.2 Europe Hospital Outsourcing Market by Type
6.2.2.1 Europe Private Market by Country
6.2.2.2 Europe Public Market by Country
6.2.3 Europe Hospital Outsourcing Market by Country
6.2.3.1 Germany Hospital Outsourcing Market
6.2.3.1.1 Germany Hospital Outsourcing Market by Services
6.2.3.1.2 Germany Hospital Outsourcing Market by Type
6.2.3.2 UK Hospital Outsourcing Market
6.2.3.2.1 UK Hospital Outsourcing Market by Services
6.2.3.2.2 UK Hospital Outsourcing Market by Type
6.2.3.3 France Hospital Outsourcing Market
6.2.3.3.1 France Hospital Outsourcing Market by Services
6.2.3.3.2 France Hospital Outsourcing Market by Type
6.2.3.4 Russia Hospital Outsourcing Market
6.2.3.4.1 Russia Hospital Outsourcing Market by Services
6.2.3.4.2 Russia Hospital Outsourcing Market by Type
6.2.3.5 Spain Hospital Outsourcing Market
6.2.3.5.1 Spain Hospital Outsourcing Market by Services
6.2.3.5.2 Spain Hospital Outsourcing Market by Type
6.2.3.6 Italy Hospital Outsourcing Market
6.2.3.6.1 Italy Hospital Outsourcing Market by Services
6.2.3.6.2 Italy Hospital Outsourcing Market by Type
6.2.3.7 Rest of Europe Hospital Outsourcing Market
6.2.3.7.1 Rest of Europe Hospital Outsourcing Market by Services
6.2.3.7.2 Rest of Europe Hospital Outsourcing Market by Type
6.3 Asia Pacific Hospital Outsourcing Market
6.3.1 Asia Pacific Hospital Outsourcing Market by Services
6.3.1.1 Asia Pacific Healthcare IT Market by Country
6.3.1.2 Asia Pacific Clinical services Market by Country
6.3.1.3 Asia Pacific Business services Market by Country
6.3.1.4 Asia Pacific Transportation services Market by Country
6.3.1.5 Asia Pacific Other Services Market by Country
6.3.2 Asia Pacific Hospital Outsourcing Market by Type
6.3.2.1 Asia Pacific Private Market by Country
6.3.2.2 Asia Pacific Public Market by Country
6.3.3 Asia Pacific Hospital Outsourcing Market by Country
6.3.3.1 China Hospital Outsourcing Market
6.3.3.1.1 China Hospital Outsourcing Market by Services
6.3.3.1.2 China Hospital Outsourcing Market by Type
6.3.3.2 Japan Hospital Outsourcing Market
6.3.3.2.1 Japan Hospital Outsourcing Market by Services
6.3.3.2.2 Japan Hospital Outsourcing Market by Type
6.3.3.3 India Hospital Outsourcing Market
6.3.3.3.1 India Hospital Outsourcing Market by Services
6.3.3.3.2 India Hospital Outsourcing Market by Type
6.3.3.4 South Korea Hospital Outsourcing Market
6.3.3.4.1 South Korea Hospital Outsourcing Market by Services
6.3.3.4.2 South Korea Hospital Outsourcing Market by Type
6.3.3.5 Singapore Hospital Outsourcing Market
6.3.3.5.1 Singapore Hospital Outsourcing Market by Services
6.3.3.5.2 Singapore Hospital Outsourcing Market by Type
6.3.3.6 Malaysia Hospital Outsourcing Market
6.3.3.6.1 Malaysia Hospital Outsourcing Market by Services
6.3.3.6.2 Malaysia Hospital Outsourcing Market by Type
6.3.3.7 Rest of Asia Pacific Hospital Outsourcing Market
6.3.3.7.1 Rest of Asia Pacific Hospital Outsourcing Market by Services
6.3.3.7.2 Rest of Asia Pacific Hospital Outsourcing Market by Type
6.4 LAMEA Hospital Outsourcing Market
6.4.1 LAMEA Hospital Outsourcing Market by Services
6.4.1.1 LAMEA Healthcare IT Market by Country
6.4.1.2 LAMEA Clinical services Market by Country
6.4.1.3 LAMEA Business services Market by Country
6.4.1.4 LAMEA Transportation services Market by Country
6.4.1.5 LAMEA Other Services Market by Country
6.4.2 LAMEA Hospital Outsourcing Market by Type
6.4.2.1 LAMEA Private Market by Country
6.4.2.2 LAMEA Public Market by Country
6.4.3 LAMEA Hospital Outsourcing Market by Country
6.4.3.1 Brazil Hospital Outsourcing Market
6.4.3.1.1 Brazil Hospital Outsourcing Market by Services
6.4.3.1.2 Brazil Hospital Outsourcing Market by Type
6.4.3.2 Argentina Hospital Outsourcing Market
6.4.3.2.1 Argentina Hospital Outsourcing Market by Services
6.4.3.2.2 Argentina Hospital Outsourcing Market by Type
6.4.3.3 UAE Hospital Outsourcing Market
6.4.3.3.1 UAE Hospital Outsourcing Market by Services
6.4.3.3.2 UAE Hospital Outsourcing Market by Type
6.4.3.4 Saudi Arabia Hospital Outsourcing Market
6.4.3.4.1 Saudi Arabia Hospital Outsourcing Market by Services
6.4.3.4.2 Saudi Arabia Hospital Outsourcing Market by Type
6.4.3.5 South Africa Hospital Outsourcing Market
6.4.3.5.1 South Africa Hospital Outsourcing Market by Services
6.4.3.5.2 South Africa Hospital Outsourcing Market by Type
6.4.3.6 Nigeria Hospital Outsourcing Market
6.4.3.6.1 Nigeria Hospital Outsourcing Market by Services
6.4.3.6.2 Nigeria Hospital Outsourcing Market by Type
6.4.3.7 Rest of LAMEA Hospital Outsourcing Market
6.4.3.7.1 Rest of LAMEA Hospital Outsourcing Market by Services
6.4.3.7.2 Rest of LAMEA Hospital Outsourcing Market by Type

Chapter 7. Company Profiles
7.1 AllScripts Healthcare Solutions, Inc.
7.1.1 Company Overview
7.1.1 Financial Analysis
7.1.2 Segmental and Regional Analysis
7.1.3 Research & Development Expense
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.2 3M Company (3M Health Information Systems)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 TriMedx, LLC (Aramark Healthcare Technologies)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 Abbott Laboratories
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 ABM Industries, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Acquisition and Mergers:
7.6 Sodexo S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.7 Flatworld Solutions Pvt. Ltd.
7.7.1 Company Overview
7.8 Integrated Medical Transport LLC
7.8.1 Company Overview
7.9 The Allure Group
7.9.1 Company Overview
7.10. The Providence Service Corporation (LogistiCare Solutions, LLC)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Recent strategies and developments:
7.10.3.1 Acquisition and Mergers:
7.10.3.2 Partnerships, Collaborations, and Agreements:
Note: Product cover images may vary from those shown
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  • AllScripts Healthcare Solutions, Inc.
  • 3M Company (3M Health Information Systems)
  • TriMedx, LLC (Aramark Healthcare Technologies)
  • Abbott Laboratories
  • ABM Industries, Inc.
  • Sodexo S.A.
  • Flatworld Solutions Pvt. Ltd.
  • Integrated Medical Transport LLC
  • The Allure Group
  • The Providence Service Corporation (LogistiCare Solutions, LLC)
Note: Product cover images may vary from those shown
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